Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Penney Financial LLC

Penney Financial LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,176 shares of the company’s stock after acquiring an additional 6,155 shares during the period. Schwab US Dividend Equity ETF makes up 5.2% of Penney Financial LLC’s investment portfolio, making the stock its 5th largest position. Penney Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,623,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SK Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at about $1,359,000. JPMorgan Chase & Co. grew its holdings in shares of Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares during the period. Brass Tax Wealth Management Inc. increased its position in Schwab US Dividend Equity ETF by 13.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 31,096 shares of the company’s stock worth $2,629,000 after purchasing an additional 3,621 shares in the last quarter. Copley Financial Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $283,000. Finally, Peapack Gladstone Financial Corp lifted its position in Schwab US Dividend Equity ETF by 18.3% during the third quarter. Peapack Gladstone Financial Corp now owns 25,974 shares of the company’s stock valued at $2,195,000 after buying an additional 4,015 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.9 %

Schwab US Dividend Equity ETF stock opened at $27.23 on Tuesday. The firm has a market capitalization of $19.10 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm has a fifty day moving average of $28.46 and a 200-day moving average of $27.69. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF Company Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.